Interest rate futures (IRFs) seems to have caught the fancy of the market in its new tweaked avatar.
The National Stock Exchange (NSE), which has launched trading in IRF, clocked a turnover of more than Rs 3,000 crore with an open interest of 16,057 contracts on first day of trading.
The exchange has launched bond futures with two different 10-year government bonds as underlying.
MCX-SX, which launched IRF trading on Monday, has clocked turnover of over Rs 900 crore each in first two trading sessions. BSE also plan to launch trading in IRF next week.
